It is obvious that all of the segments of the market are rallying today as optimistic outlook on the situation adds even more energy to the growth that we have been seeing for the last couple of days. Asian shares are surging, but today they took a lot of other performers up with them.
Yesterday British parliament voted against the existing Brexit agreement which is going to lead to the vote of confidence for Therese May that is going to take place on Thursday. With political climate like that pound fell and there is a good chance that it is going to keep on falling down until tomorrow. But with dollar surging it was going to happen anyway.
Much more information is incoming to us today as we see recovery not only in the Asian segment of the market, but also with oil and some of the American shares. that is a clear sign that markets were not going to pound on weal economic data from Asia and Europe. And in reality it is easier to recover from data like that and move on.